Nvidia's Q1 Earnings Soar, AI Chip Demand Surges

Nvidias stock surged by over seven percent in after-hours trading following their fiscal first-quarter earnings report, which exceeded expectations and projected robust growth. Their revenue reached twenty-six point zero four billion dollars, and adjusted earnings per share beat forecasts at six dollars and twelve cents. Nvidias data center revenue, driven by their AI chips, saw a four hundred and twenty-seven percent increase year over year. The companys CEO, Jensen Huang, emphasized the long-term potential of AI, and the upcoming Blackwell AI chip is expected to further solidify Nvidias position in the market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.